CINCINNATI, May 3 /PRNewswire-FirstCall/ -- The Kroger Co. (NYSE: KR)
today said it has reached a tentative agreement to sell 12 Cala Foods and
Bell Markets stores in the San Francisco Bay Area. The stores are part of
the Company's Ralphs Supermarkets Division, based in Los Angeles, CA.
The transaction, which is subject to certain customary conditions, is
expected to close within 120 days. Financial terms were not disclosed.
DeLano Retail Partners has agreed to purchase the 12 locations.
"The sale of these stores is a difficult, but necessary, step toward
making Ralphs more competitive," said Dave Hirz, Ralphs president. "We
intend to work closely with DeLano Retail Partners to ensure a smooth
transition for our customers and Associates at these locations."
The stores being sold to DeLano Retail Partners are located at the
following addresses:
6333 Geary Blvd., San Francisco 4201 18th St., San Francisco
1095 Hyde Park, San Francisco 1245 So. Van Ness, San Francisco
Tiburon Hwy & Blackfield, Tiburon 1535 S. Novato Blvd., Novato
2040 Sir Francis Drake, Fairfax 2045 Novato Blvd., Novato
207 Flamingo Road, Mill Valley 1599 Tiburon Blvd., Tiburon
1390 Silver Ave., San Francisco 3950 24th St., San Francisco
Headquartered in Cincinnati, Ohio, Kroger is one of the nation's
largest retail grocery chains. At the end of fiscal 2005, the Company
operated (either directly or through its subsidiaries) 2,507 supermarkets
and multi-department stores in 31 states under two dozen local banners
including Kroger, Ralphs, Fred Meyer, Food 4 Less, King Soopers, Smith's
and Smith's Marketplace, Fry's and Fry's Marketplace, Dillons, QFC and City
Market. Kroger also operated (either directly or through subsidiaries,
franchise agreements, or operating agreements) 791 convenience stores, 428
fine jewelry stores, 579 supermarket fuel centers and 42 food processing
plants. For more information about Kroger, please visit our web site at
http://www.kroger.com.
SOURCE The Kroger Co.; Ralphs
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Related links:
http://www.kroger.com
CONTACT:
Media, Terry O'Neil of Ralphs,
+1-310-884-4680; or Investors, Carin Fike of Kroger,
+1-513-762-4969
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